American Airlines, the largest U.S. airline, confirmed Friday it has applied to the U.S. Treasury for a chunk of the $25 billion payroll assistance grants approved by Congress last week.
Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.
Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a transitory effect on the U.S. economy.
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said, after the U.S. president called on producers to stop the market rout caused by the coronavirus pandemic.
Constellation Brands Inc , the U.S. distributor of Corona beer, said on Friday its Mexican breweries were still operational and supply to the United States was intact even as rivals suspended production due to the coronavirus pandemic.
(Bloomberg) — President Donald Trump will convene an extraordinary gathering of the oil industry’s competing factions at the White House on Friday, as a global pandemic and oil-price war weigh on markets.Chief executives of the nation’s biggest refiners and producers are expected to discuss possible relief efforts from the administration, including potential cuts in U.S. production to bring the price of crude back from a historic plunge, according to people familiar with the matter.But there are deep divisions among the various factions over what should be done, especially on the question of possible tariffs on Saudi Arabian oil, which may …read more […]
Tech giant Google published statistics on whether or not the coronavirus lockdowns have been effective around the world. Yahoo Finance’s Tech Editor Dan Howley weighs in. …read more […]
The coronavirus pandemic isn’t done yet, bringing pressure to the stock market, pros say. …read more […]
Banks were supposed to start processing loan applications on Thursday at midnight from small businesses under the $349 billion Paycheck Protection Program, but they weren’t prepared for the onslaught. …read more […]
Despite the economic shutdown in large parts of North America, all of the initial reads on the cannabis sector have surprisingly been positive. Due to the medical cannabis aspects of the sector, most retail stores have been deemed essential allowing for the stores to remain open.Consumers from the U.S. and Canada have flooded retail stores and online websites to buy up cannabis products due to fears of and economic shutdown and potential store closures. Oddly though, the stocks haven’t generally rebounded despite positive sector trends as 2020 starts.Areas from California and Washington saw sales jump approximately double during the period …read more […]
In the latest edition of Yahoo U, Yahoo Finance’s Brian Cheung joins the On The Move to break down the difference between jobless claims and the unemployment rate. …read more […]
The post Companies to Invest in NOW: Post-Pandemic Standouts appeared first on Investment U. …read more […]
Investors who focus on income first and foremost often make poor investment moves.
Today, Alexander Green explains why liquid securities offer the best wealth protection during this crisis – and in retirement in general.
Editor’s Note: We know this is a stressful time for investors, and we’ve got your back. We’re sharing weekly videos from Alexander Green and Nicholas Vardy, along with updates from many of our other strategists. Be sure to like The Oxford Club’s Facebook page and subscribe to our YouTube channel, and you can check out Alex’s newest video here: “Making Smart Investments During a Market Meltdown.”
– Christina Grieves, …read more […]
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